ethwas arguing this point on cnbc. someone said, you know, no one has cut any spending yet. well, tha sas aas dually patent wrong. there was a trillion dollars of spending cuts whi wh has been implemented by lower the approprntentions, and so tha sa1 trillion through 2021. the point is, as part of this bu theet control aas d, there were spending cuts. ok. now we're heading for the cliff. they sai one trillion is not enough. we want another 1.2 trillioal and the house and senate have to produce legislation to reduce projected bu theet deficits by at least $1.2 trillion by 2021. if they fail to do that, they will have to form a committee of members of both houses of congress. it was called the super fails, there is a fallback mechanism as it would called budget sequestration which is automatic $1.2 trillion in deficit reduction that has to be implemented automatically. automatic, across the board budget cuts, almost exclusively on the discretionary side of the budget. if it is discretionary, that's the stuff that's proped every year and -- appropriated every year. for the most